The Canadian uranium explorer ATHA Energy Corp. (CSE: SASK) (OTCQB: SASKF) (FRA: X5U) has appointed a renowned new technical advisor to its team.
Suraj Ahuja stepped into his role at the company on Thursday. He has had an extensive career in the uranium mining industry for more than 50 years.
“We are extremely fortunate to welcome Mr. Ahuja, a mineral exploration and resource development veteran who brings decades of knowledge and experience to our team,” ATHA CEO Troy Boisjoli said.
He served as a senior geologist for Cameco Corporation’s (TSX: CCO) (NYSE: CCJ) predecessor company, Saskatchewan Mining and Development Corporation, between 1978 and 1988. Following his 10-year term there, Ahuja worked for a series of Canadian and Japanese companies, holding senior management and principal consultant roles.
In 2004, Ahuja was appointed as director of UEX Corp., a company later acquired by Uranium Energy Corp. (NYSE: UEC). He currently serves as an independent director for Nevada Sunrise Metals Corp. (TSX-V: NEV) (OTC: NVSGF).
“We are confident that Mr. Ahuja’s proven track record of designing and executing mineral exploration programs will align seamlessly with the existing exploration expertise of our team,” Boisjoli added.
He says Ahuja will be a valuable asset for the company as ATHA navigates intricacies of the unprecedented exploration opportunity presented by favourable market conditions and an ever-growing nuclear industry.
Ahuja is highly knowledgeable about mine geology and feasibility studies. He graduated from the University of Saskatchewan in 1970 with a Master of Science degree specializing in geology.
Read more: ATHA Energy electromagnetic survey results identify high-tier targets
Read more: ATHA Energy applies for listing on TSX Venture Exchange, gives update on 92 and Latitude merger
Merger with 92 Energy and Latitude Uranium underway
ATHA expects to close its acquisition of 92 Energy Limited (ASX: 92E) and Latitude Uranium Inc. (CSE: LUR) by the end of June. The company’s stature in the uranium industry will be significantly enhanced once this process concludes.
The combined operator will have over 7 million acres of exploration territory in Canada’s top uranium mining jurisdictions. ATHA’s balance sheet will be strengthened significantly as well, with a cash position of approximately US$65 million.
ATHA identified three new high-priority uranium targets last week at its North Beacon and North Crest projects in the Athabasca Basin. The explorer discovered significant uranium mineralization at its North Valour-East project last month as well.
The company has applied to list its stock on the TSX Venture Exchange. It has more stringent requirements than the Canadian Securities Exchange does.
ATHA significantly improved its financial position at the end of 2023 when it closed a C$23.5 million private placement. The uranium operator completed the largest-ever electromagnetic survey in the Athabasca Basin last year.
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